Download - Ferrovial - Annual Report 2012

More documents

Recommendations

Info

Consolidated financial statements at 31 December 2011 Ferrovial S.A. and Subsidiaries 33.5.- Individual remuneration of the Executive Directors The executive directors, of whom there were three in 2011, earned the following remuneration, irrespective of attendance fees and bylaw-stipulated emoluments payable to them as directors: (Thousands of euros) 2011 2010 Fixed remuneration 3,000 2,900 Variable remuneration 3,925 3,875 Exercise of share options and/or other financial instruments [see description] 285.7 (-) EXECUTIVE DIRECTORS 2011 (*) Thousands of euros Fixed remuneration Variable remuneration Relating to boards of other subsidiaries Exercise of share options Total Rafael del Pino y Calvo-Sotelo 1,150.00 1,679.02 0.00 0.00 2,829.02 Joaquín Ayuso García 900.00 702.05 51.98 285.67 1,939.70 Iñigo Meirás Amusco 950.00 1,543.82 0.00 0.00 2,493.82 TOTAL 3,000.00 3,924.89 51.98 285.67 7,262.54 (*) amounts in thousands of euros COMPENSATION IN KIND (Thousands of euros) 2011 Life insurance premiums Rafael del Pino y Calvo-Sotelo 4.06 Joaquín Ayuso García 5.32 Iñigo Meirás Amusco 2.58 TOTAL 11.96 LONG-TERM INCENTIVES Situation of share option plans at 31/12/11 Share options No. of equivalent shares Exercise price (euros) % of share capital Rafael del Pino y Calvo-Sotelo 2004 Plan 1,200,000 1,200,000 8.41 0.164 2006 Plan 786,400 786,400 16.48 0.107 2008 Plan 1,179,600 1,179,600 12.12 0.161 Joaquín Ayuso García 2004 Plan 740,000 740,000 8.41 0.101 2006 Plan 786,400 786,400 16.48 0.107 2008 Plan 1,179,600 1,179,600 12.12 0.161 Íñigo Meirás Amusco 2004 Plan 480,000 480,000 8.41 0.065 2006 Plan 400,000 400,000 16.48 0.055 2008 Plan 660,000 660,000 12.12 0.09 The general features of the share option plans are detailed in Note 34 on the Share Option Remuneration Plan. Ferrovial, S.A. Consolidated financial statements at 31 December 2011 90
Consolidated financial statements at 31 December 2011 Ferrovial S.A. and Subsidiaries 2010 PERFORMANCE-RELATED SHARE OPTION PLAN Rafael del Pino y Calvo-Sotelo Joaquín Ayuso García Íñigo Meirás Amusco Units No. of voting rights % of voting power 2010 Allocation 150,000 150,000 0.020% 2011 Allocation 132,000 132,000 0.018% 2010 Allocation 50,000 50,000 0.007% 2011 Allocation (-) (-) (-) 2010 Allocation 150,000 150,000 0.020% 2011 Allocation 132,000 132,000 0.018% The main features of the performance-based share plan which resulted in the allocation of the units indicated to the Executive Directors are described in Note 34. 33.6.- Remuneration of the members of the Board of Directors due to membership of other managing bodies of Group companies or associates The executive and non-executive directors of Ferrovial S.A., who are in turn members of the managing bodies of other Group companies or associates, earned EUR 52.0 thousand in this respect in 2011 (EUR 51.5 thousand in 2010). 33.7.- Pension funds and plans or life insurance premiums As in 2010, no contributions were made in 2011 to pension plans or funds for former or current members of the Company’s Board of Directors. No such obligations were incurred during the year. As regards life insurance premiums, the Company has insurance policies covering death, for which premiums totalled EUR 12.0 thousand in 2011 (EUR 14.8 thousand in 2010), of which the executive members are beneficiaries. No contributions were made and no obligations were incurred in respect of pension funds or plans for the directors of Ferrovial, S.A. who are members of other boards of directors and/or senior executives of Group companies or associates. No life insurance premiums were paid in this regard. The situation has not changed since 2010. 33.8.- Advances and loans At 31 December 2011, no advances or loans had been granted by the Company to the directors of the Company or to the members of other boards of directors and/or senior executives of Group companies or associates. 33.9.- Remuneration of senior executives The joint remuneration earned by the Company’s senior executives in 2011 was as follows: (Thousands of Euros) 2011 2010 Fixed remuneration 4,305.6 3,917.8 Variable remuneration 4,508.3 4,087.6 Exercise of share options and/or other financial instruments (Note 34) 573.7 (-) Remuneration as members of managing bodies of other Group companies, jointly controlled entities or associates Contributions to pension funds or plans, or similar obligations 18.8 1 (-) (-) Insurance premiums 15.0 20.9 No loans were granted to the senior executives. The aforementioned remuneration corresponds to the following posts: Ferrovial, S.A. Consolidated financial statements at 31 December 2011 91
Page 1 and 2:
Consolidated financial statements f
Page 3 and 4:
Consolidated financial statements a
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40: Consolidated financial statements a
Page 89: Consolidated financial statements a
Page 117: Consolidated financial statements a
show all

Download - Ferrovial - Annual Report 2012

Create successful ePaper yourself

Delete template?

Save as template?